# Surromind Seoul Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/surromind-seoul-co

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: http://www.surromind.ai
- Total disclosed funding: $0.4M
- Latest round: Series A (Nov 8, 2024)
- Investors on record: 2

## About

Based in Seoul, South Korea, and founded in 2015, Surromind Seoul Co., Ltd., a.k.a. Surromind  operates as a software company that creates AI solutions for enterprises, focusing on multimodal capabilities. In November 2024, Surromind raised KRW 5 billion in a Series A funding from STIC Ventures and GU Equity Partners.

Surromind specializes in providing advanced AI solutions tailored to the needs of enterprises, focusing on multimodal AI capabilities that integrate vision, sound, and language data. The company's core offerings include a comprehensive suite of AI models developed for various applications, including LLM engineering for enhanced language processing, MLOps for AI industrialization, and specific AI models optimized for robotic applications. Surromind has created over 300 AI models designed to operate efficiently in diverse environments, such as server and edge computing. Targeting industries that rely heavily on data-driven solutions, Surromind serves a broad client base that includes large enterprises aiming to implement AI-driven chatbots and robotic systems, thus enhancing operational efficiency and decision-making processes. The company's products are marketed primarily in the Asia-Pacific region, with a focus on technology-forward markets.

Surromind operates under a business model that encompasses B2B transactions, providing AI solutions to corporate clients through subscription-based services and partnership agreements. The transactions typically involve long-term contracts where clients subscribe to various offerings, including customized AI models and ongoing support services. These agreements may include a combination of implementation fees for initial setup and recurring fees for continued access to the AI platform and updates. 

The company plans to use its proceeds from November 2024 funding to expedite the growth of its generative AI application software and broaden its introduction to the global market. The company is also designing new products to enhance its AI software product line, with specific expansion plans targeting markets across North America and Europe by the end of 2025.

## Funding rounds

- Series A, Nov 8, 2024, $0.4M — STIC Ventures, GU Equity Partners

## Investors

- STIC Ventures (https://capitalatlas.ai/funds/stic-ventures) — Series A
- GU Equity Partners (https://capitalatlas.ai/funds/gu-equity-partners) — Series A